Financial Perspectives Inc Increases Stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Financial Perspectives Inc lifted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 3.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,480 shares of the company’s stock after buying an additional 159 shares during the quarter. Financial Perspectives Inc’s holdings in iShares Morningstar Mid-Cap ETF were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMCB. Private Advisor Group LLC purchased a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $220,000. Corient Private Wealth LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 13.6% during the 4th quarter. Corient Private Wealth LLC now owns 41,173 shares of the company’s stock valued at $2,764,000 after buying an additional 4,930 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in iShares Morningstar Mid-Cap ETF by 0.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 53,433 shares of the company’s stock worth $3,587,000 after buying an additional 172 shares during the last quarter. Parallel Advisors LLC purchased a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $39,000. Finally, ICA Group Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $80,000. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Trading Up 1.1 %

Shares of IMCB opened at $74.21 on Monday. The company’s fifty day simple moving average is $72.24 and its 200-day simple moving average is $71.21. The company has a market cap of $886.81 million, a P/E ratio of 49.15 and a beta of 0.98. iShares Morningstar Mid-Cap ETF has a twelve month low of $55.98 and a twelve month high of $74.69.

About iShares Morningstar Mid-Cap ETF

The iShares Morningstar Mid-Cap ETF (IMCB) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market cap-weighted index consisting of US mid-cap stocks with both growth and value characteristics. IMCB was launched on Jun 28, 2004 and is managed by BlackRock.